Babcock & Brown said that the chief executive of its power division, Dr. Paul Simshauser, on Friday stepped down from his role to take a senior position within the group's infrastructure’s division. Simshauser's resignation from Babcock & Brown Power, Australia's biggest publicly traded electricity producer, comes as the company reported its full-year loss widened significantly after asset write downs. It was not immediately clear what position Simshauser would take within the infrastructure division.
Babcock & Brown said that the chief executive of its power division, Dr. Paul Simshauser, on Friday stepped down from his role to take a senior position within the group's infrastructure’s division. Simshauser's resignation from Babcock & Brown Power, Australia's biggest publicly traded electricity producer, comes as the company reported its full-year loss widened significantly after asset write downs. It was not immediately clear what position Simshauser would take within the infrastructure division.
Earlier this year, Babcock & Brown's London-listed Babcock & Brown Public Partnerships (BBPP) fund completed an £84 mln (EUR 105 mln) capital raising to take advantage of opportunities coming to market in the PPP sector globally.
